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is happening with egypt. that is why traders were so worried about this potential conflict. he didn't know how the new president in egypt was going to act. well, it looks like he could be asking for a cease-fire with israel. it does take away from the conflict that will go a lot further. david: i have heard from a lot of traders saying if this were a long-term trend, we would see whale of a percent. it was a healthy bump today, a couple of percentage points. but it would be much higher, we would be in the 100-dollar per barrel range. if this was a wrong turn trend. once this eases because this it settle back into the low '80s. what you say to that? >> absolutely. if we stop this war was going to happen, we would wind up $10 per barrel today. but the odds are right now we are going to have a cease-fire and it's not going to impact oil shipment at all. what we are looking at right now is economic growth. this is a seasonal bottom for the market today. another thing that drives prices is the reports of cold weather hitting europe right now. the gas oil market and the heating oil market, this mark
to the streets in egypt after president mohammad morsi granted himself new powers. opponents storm the party headquarters and set fire to his offices in several cities. the cia, nasdaq, looking to speed up the information since the traders using microwave links report by the wall street journal said a microwave networks under consideration will only send market data and not actual offers. and closing nearly half of the bank branches in greece two years after they decided to exit retail banking. 170 employees are expected to lose their jobs. pharmaceuticals recalling generic versions of lipitor after pieces of glass were found in the hills. and that is today's speed read. dave: an awful story. holiday box office season, much better story, already off to a great start with movies like twilight and -- said disagree on that one bringing in big bucks. can we expect hollywood to keep turning out big hits through the season? dave: we have to have a discussion about that. you didn't like it. i love that. joining us is chairman and ceo peter guber, our best friend in the movie business. thanks for be
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